Posted by: Windfair Editors
Prysmian Reduces Dividend Due to Corona Crisis
Official Press Release Prysmian Group:
In light of the Covid-19 crisis, the Board of Directors proposes to reduce the dividend to €0.25 per share, equal to 50% of original proposal
The BoD will consider any distribution of the remaining 50% of dividends in light of the developing scenario and the effects of the current health emergency
The Board of Directors of Prysmian S.p.A. met today to discuss the effects of the changed macroeconomic and market scenario resulting from the spread of the Covid-19 pandemic at a global level. The Board of Directors confirms the assessments made at its meeting of 5 March 2020 regarding the Group’s ability to generate cash flows and sustain a balanced long-term dividend policy and believes its financial structure, liquidity and available credit lines are entirely adequate to respond to the new economic and financial situation emerging from the ongoing health emergency. However, in the light of the spread of... ... More: Official Press Release Prysmian Group
